abrdn plc Sells 25,743 Shares of CRH plc (NYSE:CRH)

abrdn plc trimmed its position in shares of CRH plc (NYSE:CRH - Free Report) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,439,284 shares of the construction company's stock after selling 25,743 shares during the period. abrdn plc owned approximately 0.21% of CRH worth $133,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRH. FMR LLC raised its stake in CRH by 33.4% during the third quarter. FMR LLC now owns 36,156,017 shares of the construction company's stock valued at $3,341,258,000 after purchasing an additional 9,055,354 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of CRH by 8.7% in the 3rd quarter. Franklin Resources Inc. now owns 14,351,050 shares of the construction company's stock worth $1,329,796,000 after buying an additional 1,148,708 shares during the last quarter. State Street Corp raised its position in shares of CRH by 4.9% during the 3rd quarter. State Street Corp now owns 13,139,233 shares of the construction company's stock valued at $1,218,532,000 after buying an additional 618,786 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of CRH by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 7,985,356 shares of the construction company's stock valued at $738,113,000 after acquiring an additional 165,825 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in CRH by 515.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,103,194 shares of the construction company's stock worth $473,270,000 after acquiring an additional 4,274,336 shares in the last quarter. 62.50% of the stock is currently owned by institutional investors.

CRH Price Performance

Shares of NYSE:CRH traded down $1.75 during trading on Friday, reaching $103.44. 4,705,962 shares of the company were exchanged, compared to its average volume of 3,522,118. The firm has a market capitalization of $70.26 billion, a PE ratio of 20.69, a P/E/G ratio of 1.08 and a beta of 1.30. The business's fifty day simple moving average is $97.08 and its 200-day simple moving average is $92.71. CRH plc has a 12-month low of $71.18 and a 12-month high of $105.58.

Wall Street Analyst Weigh In

CRH has been the topic of a number of recent research reports. JPMorgan Chase & Co. upped their price objective on CRH from $114.00 to $116.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. DA Davidson increased their price target on CRH from $110.00 to $120.00 and gave the company a "buy" rating in a report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of CRH from $95.00 to $104.00 and gave the stock an "overweight" rating in a research note on Monday, November 11th. Citigroup reduced their target price on shares of CRH from $120.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, HSBC started coverage on shares of CRH in a research note on Monday, November 11th. They set a "buy" rating and a $116.00 price target for the company. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $107.75.

About CRH

CRH plc, together with its subsidiaries, provides building materials solutions in Ireland and internationally. It operates through four segments: Americas Materials Solutions, Americas Building Solutions, Europe Materials Solutions, and Europe Building Solutions. The company provides solutions for the construction and maintenance of public infrastructure and commercial and residential buildings; and produces and sells aggregates, cement, readymixed concrete, and asphalt, as well as provides paving and construction services.